The standard business mileage rate for travel expenses has changed effective January 1, 2025. The standard business mileage rate for Travel expenses has changed. Beginning on January 1, 2025, the ...

Effective Jan. 1, the mileage rate for Purdue University business travel using a privately owned vehicle is 70 cents per mile, up from 67 cents per mile in 2024. The rate is based on both fixed and ...

The IRS has increased the standard mileage rate for business travel to 62.5 cents per mile when using a personal vehicle. "The IRS is adjusting the standard mileage rates to better reflect the recent ...

The IRS has increased the standard mileage reimbursement rate for business travel to 65.5 cents per mile. This rate is effective for travel beginning January 1st, 2023 when using a personal vehicle.

A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 ...

One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction, but it's also a tax break that stalls out for plenty of ...

Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car-related expenses like gas, maintenance, wear and tear, and more.

"Per diem," meaning "per day" in Latin, refers to a fixed daily allowance employers provide to cover expenses incurred during business travel. Per diem rates are set each year by the General Services ...